2 1 Shi Ji Jing Ji Bao Dao·2025-11-28 13:18Core Insights - The Financial Stability Board (FSB) announced the 2025 Global Systemically Important Banks (G-SIB) list, with five Chinese commercial banks included, marking a significant recognition of their importance in the global financial system [1][2] Group Summaries Group Adjustments - Industrial and Commercial Bank of China (ICBC) has moved from the second group to the third group, becoming the first Chinese bank to enter the G-SIB third group, which indicates an increase in its global significance [1][2] - The additional capital requirement for ICBC will increase from 1.5% to 2.0% due to this group adjustment [1] Other Chinese Banks - The other four Chinese banks maintain their group positions: Bank of China, Agricultural Bank of China, and China Construction Bank remain in the second group, while Bank of Communications stays in the first group [1][2] G-SIB Evaluation Framework - The G-SIB evaluation framework, established post-2007 financial crisis, aims to enhance capital requirements for large banks to mitigate systemic risks [2][3] - The additional capital requirements for each group range from 1% for the first group to 3.5% for the fifth group, with higher groups facing stricter regulatory demands [3] Rating Changes and Factors - Fitch Ratings noted that the scoring changes for Chinese G-SIBs this year were driven by multiple factors rather than just size, with ICBC and Bank of China seeing significant score increases of 33 and 32 points, respectively [3] - Currency fluctuations positively impacted the scores of Chinese banks this year, although this effect may reverse in 2026 due to recent currency changes [3] Basel Committee Adjustments - The Basel Committee is considering changing the G-SIB identification framework from year-end static data to average values over the year, with a preference for quarterly averages among feedback [4] - If quarterly averages are adopted, the impact on most banks' final scores may be limited, but institutions near group thresholds could still experience changes [4] Capital Adequacy of ICBC - Standard & Poor's Global Ratings indicated that ICBC is capable of meeting the higher capital requirements, with a total loss-absorbing capacity capital ratio of 21.52% as of September 30, 2025, exceeding the minimum requirement for the third group [4] - ICBC's conservative growth strategy is expected to support capital retention and manage capital buffer pressures, with projected asset growth remaining controlled in the coming years [4]